Real Estate News
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Investor interest in unit blocks on the rise
Despite some weakness in property markets, unit blocks continue to see a strong level of competition from investors on the hunt for assets that can market conditions.
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Mauricio Umansky and Kyle Richards list Aspen retreat
Luxury real estate broker Mauricio Umansky and his Real Housewives of Beverly Hills wife Kyle Richards have officially opted to offload their Aspen Retreat after nearly six years of ownership.
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Prices rose 40 per cent in NSW as growth slows
Home prices in New South Wales are finally starting to slow after a record run of growth that saw values surge 40 per cent between June 2020 and March 2022.
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The number of homes cheaper to buy than rent has plummeted this year
Record home price increases combined with rising interest rates have made more homes cheaper to rent than buy.
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Market boom prompts agent increase
Whether it was the popularity of Luxe Listings or the fact the property market enjoyed an upswing, real estate has become an increasingly popular career choice over the past couple of years.
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Explore Property appoints new growth manager
Already a strong player in the Queensland market, Explore Property sets its sights firmly on the South East corner with the appointment of Shenal Yigitbas to its corporate team.
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Jonah Hill pays $15 million for second Malibu home
Moneyball star Jonah Hill is growing his portfolio of Malibu homes, shelling out US$15.5 million for a beachside estate with picturesque ocean views.
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Half of New Zealand suburbs declining in value
Auckland’s Point Chevalier has a new title it probably isn’t too keen on holding as the New Zealand suburb to decrease most in value in the past three months.
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REIQ: State Budget misses the mark
The Real Estate Institute of Queensland has hit out at the State Government’s 2022-23 Budget, saying it is disappointed at the lack of action on housing affordability and accessibility.
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The Agency Group opens property gallery in Perth’s Western Suburbs
The Agency Group has opened a property gallery that doubles as an art space in the 'Golden Triangle' of Perth's exclusive Western Suburbs.
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High growth Century 21 office expands to second location
Century 21 is excited to announce award-winning business, Century 21 Signature Realty in Nowra, is opening a second office at Callala Beach in the NSW Shoalhaven region.
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NSW Budget helps certain sectors of the property market
The NSW Government’s stamp duty reform, shared equity scheme and housing infrastructure boost are all positive starts but don’t stretch far enough to make a meaningful, long-term impact on the property market, according to industry experts.
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National office markets bounce back faster than expected: HTW
The national office market is continuing to bounce back from the pandemic faster than anticipated according to the latest Herron Todd White (HTW) Month in Review.
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Profitable resales drop for the first time in 18 months but buyer demand is still solid
The rate of profit-making resales across the Australian property market has fallen for the first time since August 2020, indicating conditions have reached a turning point.
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Justine Wilson: 5 steps to winter styling
Leading Sydney-based property stylist Justine Wilson from Vault Interiors shares her 2022 tips to create a cocooning, welcoming environment as we shift to winter selling and indoor living
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The Sydney and Melbourne suburbs to defy the downturn
A number of suburbs across Sydney and Melbourne are expected to fare better than others as property price growth eases according to new research.
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Sam Newman’s infamous Pamela Anderson house hits the market
The controversial St Kilda house Sam Newman built featuring Pamela Anderson's face is on the market with an asking price of between $2.3 million and $2.4 million.
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Fallout from rising rates to be less dramatic than predicted: HTW
Rising interest rates are likely to slow down property markets but the fallout will be far less dramatic than most commentators predict according to the latest Herron Todd White (HTW) Month in Review.
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NSW Government announces trial shared equity housing scheme ahead of Budget
Teachers, nurses, police, single parents and older singles will be able to tap into a $780.4 million shared equity scheme to buy a home under a new NSW Government trial.
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Stamp duty putting a huge financial burden on NSW homebuyers
Stamp duty is rising at a faster rate than wages and house prices in NSW, causing homeowners to stay in properties that aren’t suited to their needs.
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NSW Government pledges $20 million to increase women in construction
The NSW Government has announced an investment of $20 million over the next three years to help increase the number of women working in construction-related roles.
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AI digital assistant RiTA scoops two innovation awards
RiTA, the AI digital assistant for real estate agents, has won two innovation awards at the 2022 PropTech Awards.
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Auction volumes up, clearance rate still slipping
Auction volumes increased this week, but still the preliminary clearance is lingering at its lowest point in almost a year.
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Inside Britney’s Thousand Oaks mansion
A lot has happened in the life of pop star Britney Spears since she first purchased her Thousand Oaks mansion back in 2015 for US$7.5million.
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Tight Perth rental market needs more investors
Perth’s low vacancy rate has left 12 suburbs across the city with just one property available for rent.
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Cash buyers on the rise across New Zealand
Cash buyers who own multiple properties are on the rise across New Zealand according to new data from CoreLogic.
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House prices continue to rise as other dwelling values slow down
Australian house prices recorded another increase over the March quarter, while other dwelling types saw price growth slow down.
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Suburban centres and satellite office locations on the rise
Workers who have become comfortable working from home are leading businesses to adopt more flexible working arrangements on a permanent basis according to experts.
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Elders agents to streamline buying and selling with Propps
Leading digital offer management platform Propps has expanded its national agency coverage, welcoming the Elders Real Estate network to the fold.
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NSW to phase out stamp duty and bring in land tax
NSW is set to move forward with plans to phase out stamp duty and introduce a land tax as a part of the upcoming pre-election budget. But real estate industry experts aren’t so sure the plan will benefit homebuyers. According to the Sydney Morning Herald, NSW Premier Dominic Perrottet will look to embark on significant reforms that will allow some…
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Investors divided on the benefits of buyer’s agents
Australian investors are divided about whether or not they would use a buyer’s agent, with many feeling they don’t represent good value for money, according to new research.
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William and Kate are moving house
Prince William is moving his family to Adelaide Cottage on the Windsor estate to be closer to to the Queen, who has been struggling with mobility problems.
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Ariana Grande buys Cameron Diaz’s ‘spare house’
Singer Ariana Grande has quietly picked up a Hollywood Hills home from retired movie star Cameron Diaz for US$4.9 million.
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Aussie homes worth a record $10 trillion
The total value of the nation’s residential property increased by $221.2 billion in the March 2022 quarter, bringing the value of Australian real estate to a record-high $10.2 trillion, according to the Australian Bureau of Statistics (ABS).
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Rex checklist helps agencies kick CRM goals
A free checklist from real estate technology experts Rex ensures property professionals can tailor their customer relationship management strategies to hit the ground running in the new financial year.
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